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Electricity Market Act: Proposed Priority Procedure To Significantly Change New Electricity Network Connections In Situations Of Scarce Capacity
Finland's Ministry of Economic Affairs and Employment is preparing urgent amendments to the Electricity Market Act that would fundamentally reshape how network operators allocate scarce grid capacity. The proposed priority system would rank connection requests into four distinct groups, with electricity storage facilities receiving the lowest priority while small consumption sites and critical infrastructure secure top placement.
Finland Energy
CS
Castren & Snellman Attorneys
Article
New EU-driven Banking M&A Rules Entered Into Force In Finland On 1 October 2026
Finland has implemented significant changes to its banking M&A regulatory framework through CRD6, introducing new notification obligations and FIN-FSA approval processes for credit institutions undertaking mergers, acquisitions, and corporate reorganizations. The updated rules establish materiality thresholds for asset transfers and holding acquisitions while creating a complex multi-layered regulatory landscape that institutions must navigate when planning transactions.
European Union Finance
CS
Castren & Snellman Attorneys
Article
Business Insurance 2026: The Cybersecurity Act
The Finnish Cybersecurity Act has fundamentally transformed business insurance requirements by extending cyber risk management obligations to thousands of companies across new sectors. With management now personally liable for cybersecurity compliance and facing potential fines up to EUR 10 million, organizations must reassess their cyber insurance coverage, directors' and officers' liability policies, and overall risk management frameworks.
Finland Insurance
NL
NORDIA Law
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